Evercore ISI Sticks to Their Hold Rating for Bank of New York Mellon (BK)
In a report released today, Glenn Schorr from Evercore ISI maintained a Hold rating on Bank of New York Mellon, with a price target of $136.00.
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According to TipRanks, Schorr is a 4-star analyst with an average return of 8.5% and a 61.59% success rate. Schorr covers the Financial sector, focusing on stocks such as Invesco, JPMorgan Chase, and Franklin Resources.
In addition to Evercore ISI, Bank of New York Mellon also received a Hold from RBC Capital’s Gerard Cassidy in a report issued yesterday. However, today, Barclays maintained a Buy rating on Bank of New York Mellon (NYSE: BK).
Based on Bank of New York Mellon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.07 billion and a net profit of $1.46 billion. In comparison, last year the company earned a revenue of $10.03 billion and had a net profit of $1.16 billion
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